Jobless claims at 44-year low, housing starts surging

Barack Obama is leaving the country in good shape, even though the next president told everyone how horrible we’re doing.

Prospects for a rate hike next month also got a boost from other data on Thursday showing first-time applications for unemployment benefits tumbling to a 43-year low last week and housing starts surging to a nine-year high in October.

The reports painted an upbeat picture of the economy early in the fourth quarter and came as Fed Chair Janet Yellen said the U.S. central bank could raise borrowing costs “relatively soon.”

The Labor Department said its Consumer Price Index increased 0.4 percent last month after rising 0.3 percent in September. In the 12 months through October, the CPI advanced 1.6 percent, the biggest year-on-year increase since October 2014. The CPI increased 1.5 percent in the year to September.

And you can bet that the republican party will take credit for it…Already.
IF the claim of making America GREAT again is to be the promised standard,
then beginning Jan.20 all promises made will be held to that standard.

If everything doesn’t turn out great, he’ll get no mercy from me.

dogsRgoodpeople

Oh yeah. It (economy) will be destroyed then blamed on Obama’s policies. Absolutely

Jimmy Fleck

One week after the election and Trump has already lowered the jobless claims – pretty good. ;p

oldfart

I don’t see the wall yet…
And you didn’t vote for him.
Old habits die hard huh ?

Jimmy Fleck

Dude – learn to take a joke.

oldfart

/S works better

Tommie

The republican talking points on how this is false should be coming soon!

Larry Schmitt

It’s either false or they take credit for it.

Ned Nutley

It’s the Democratic bounce, Dems should have reminded people how much better the economy is now compared to under the last GOP president, I hope any hard times coming now because of dRump will end up hurting red state people the most!

Red Mann

Don’t worry Rump will fix that with all his brilliant economic plans. I wonder if he can beat GW for destroying jobs and killing housing.

eyelashviper

Within a year, we may see some very bad numbers from Trumplethinskin policies.